Moody's puts MeadWestvaco on review for possible downgrade

SAN FRANCISCO (MarketWatch) -- Moody's Investors Service on Tuesday placed MeadWestvaco Corp.'s
mwv
long-term debt ratings and Prime-3 commercial paper rating under review for possible downgrade. "The rating action was prompted by expectations that rising input costs and the slowing US economy will make it difficult for the company to meet the performance and debt protection metrics consistent with those required to support the company's Baa3 rating," said Moody's. The review will likely focus on the company's growth plan, debt reduction efforts, dividend policy, and the company's strategy to expand margins on a sustained basis. The review is expected to be completed within the next few weeks, the ratings agency said.

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